Spin-off - Solaris Resources Inc.

Form Type: 40-F

Filing Date: 2025-03-20

Corporate Action: Spin-off

Type: New

Accession Number: 000121390025025609

Filing Summary: Solaris Resources Inc. filed its annual report on Form 40-F for the fiscal year ended December 31, 2024. Notably, the company is pursuing a proposed spin-out of non-core assets to establish Solaris Exploration Inc. This strategic move aims to enhance operational focus and capitalize on the potential benefits resulting from the separation. The report elaborates on their forward-looking statements and estimates concerning future plans, operational capacities, exploration initiatives, and anticipated results of the spin-out. The document also discusses the company’s governance structure, internal controls, financial reporting, and auditor engagements. Key management personnel involved in the Audit and Compensation Committees are outlined, ensuring alignment with regulatory requirements. Furthermore, the report acknowledges Solaris Resources as an emerging growth company and provides detailed accounts of its financial health and reporting practices under Canadian standards, which may differ from U.S. regulations. Furthermore, the company emphasizes its commitment to transparency and ethical conduct in business operations.

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